MetLife Investment Management LLC Sells 1,964 Shares of Tyson Foods, Inc. (NYSE:TSN)

MetLife Investment Management LLC reduced its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,237 shares of the company’s stock after selling 1,964 shares during the period. MetLife Investment Management LLC’s holdings in Tyson Foods were worth $4,422,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its holdings in shares of Tyson Foods by 0.9% during the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after purchasing an additional 172 shares during the last quarter. Signaturefd LLC raised its stake in Tyson Foods by 6.9% during the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after buying an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Tyson Foods by 1.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock worth $632,000 after acquiring an additional 189 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Tyson Foods by 0.4% in the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after acquiring an additional 189 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Tyson Foods by 13.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock valued at $103,000 after acquiring an additional 198 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $64.50 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. Tyson Foods, Inc. has a 1-year low of $46.51 and a 1-year high of $66.88. The firm’s 50 day simple moving average is $60.41 and its two-hundred day simple moving average is $60.02. The company has a market capitalization of $22.95 billion, a P/E ratio of 28.67, a P/E/G ratio of 0.97 and a beta of 0.78.

Insiders Place Their Bets

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the transaction, the general counsel now directly owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Noel W. White sold 171,057 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the sale, the director now owns 36,179 shares in the company, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 414,814 shares of company stock worth $26,450,955. Corporate insiders own 2.05% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TSN. Piper Sandler increased their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Bank of America decreased their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Finally, Stephens increased their target price on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Tyson Foods has an average rating of “Hold” and an average price target of $60.67.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.